Smiths Group PLC

M&A Activity • Mar 25, 2025

National Storage Mechanism | Additional information

RNS Number : 9494B

Smiths Group PLC

25 March 2025

Smiths Group acquires Duc-Pac Corporation

Smiths Group plc, a leading industrial technology company, announces today that it has acquired Duc-Pac Corporation ('Duc-Pac'), a US-based metal duct manufacturer for heating, ventilation & air conditioning (HVAC) applications, for a purchase price of $40.5m (£32m[1]). The company will be integrated into the construction segment of Smiths Group's Flex-Tek business .

This acquisition is part of Smiths Group's ongoing strategy to build a nationwide, integrated offer in its North American construction segment. Duc-Pac expands Smiths Group's geographical metal duct coverage into north-east USA through its established brand, deep customer relationships and strong operational business model .

The acquisition is compelling as it will enable the business to grow by increasing its market presence and creating cross-selling opportunities to the combined customer base.  

Roland Carter, CEO of Smiths Group, said: " We see an exciting future in our Flex-Tek business as we continue to invest for growth. We are building a strong track record of successfully integrating bolt on acquisitions to augment our strong organic growth.

" The acquisition of Duc-Pac enhances our North American construction business, with many customer synergies and growth opportunities. We offer a very warm Smiths welcome to the Duc-Pac team!"

As with Smiths Group's prior construction bolt-on acquisitions, the Duc-Pac acquisition will be accretive to Group margin. It was acquired for a 7.2x trailing 12 months reported EBITDA.

---ENDS---

About Smiths Group

For over 170 years, Smiths has been pioneering progress by engineering for a better future. We serve millions of people every year, to help create a safer, more efficient and productive, and better-connected world across four global markets: energy, security & defence, space & aerospace and general industrial. Listed on the London Stock Exchange, Smiths employs c.15,000 colleagues in over 50 countries.  For more information visit  www.smiths.com .

---

[1] At GBP to USD exchange rate of 1.26

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAFZGZFNDGGKZM